Q: RE: illinois unclaimed property of my deceased 2012 mother.
My mother's name is on the Illinois unclaimed property list, by my neglect and procrastination. Must I go through the State of Illinois/Cook County, where she resided and died, to claim this property? I would prefer to go back to the sources (Chase checking account on which I am joint holder; 403b Investment on which I am beneficiary) to get this - possible? I have the account numbers and statements. There is no will and the amounts are not large. No one is going to contest. At the time of her death I handled everything -- took care of her monthly bills and funeral and condo sale/hoa/real estate tax -- without any state involvement. No will, no probate.
A: In most states once assets are escheated (turned over) to the state, that is your exclusive way to recover those assets. You must go to the state as the holders of these assets have turned them over to the state. If your state is anything like PA, this process is very detailed, complex and time consuming and slow.
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